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My economic acumen is quite limited, Marvin. Especially when compared to an investor such as yourself. That is why I have Merrill Lynch manage the lion's share of my investments, which, I am equally sure, is just "fooling around" money for one such as yourself. The rest I manage myself. It has been an extraordinary year for me, fortunately.

One ear to the ground, house of cards regards, Paul

Thank You Paul - Do you also drink Corona? I hope you have a good broker, it makes a world of difference.
I just see no need to pay someone else to do what I can do myself equally well. Along the way some things
have rubbed off so I manage to hit a good one on occasion. Having grown up on a dry land farm dependent
on the weather gods for moisture & the subsequent yields I'm used to the ups & downs of the business world.

You have a nice day - We're having shot of that climate change thing - new records being set .

With The Fed Reserve pumping some 60 billion a month in freshly minted dollars into buying bad investments from banks via QE3, where else would expect Wall St to put that money?

Afterall, the Fed is being backed by our largest Debt Holder, your Social Security!

House of Cards.

The QE program will by definition end in inflation. At the end of the day inflation is, like the late Milton Friedman said, “a monetary phenomenon”….. Print enough of it and…..Zero rate policy cannot make up for the systemic failures of an over regulated uncertain business climate. At this point QE is little more than pushing on a string. As long as free heroin is provided investors may be “high” enough to drive the markets higher.

A quote from one of the business journals….forget which……Franco is exactly right. At this point O will try to drag it out as long as possible and then blame the crash on someone else…….Hillary maybe?

A recent study found that women who carry a little extra weight live longer then the men who mention it.

The Market is strong when it is legit... the Market is bad when it is corrupt. The Market is doing well right now because it is the only place to earn investment money.. If you put your money in a bank it is not keeping up with inflation.

If we allow the Market to become corrupt again, it will crash again. It's all about the faith investors have as to where the money is placed.

I use Baseball contracts to judge inflation... Today top players are looking to make $25 million a year... the best players in the 1950's made $100,000.00

It's not that players are better.... but the money is now less valued. And with all our debt, it will continue to devalue faster then ever... so that in ten years you will see a Ball Player making $50 Million a year.

“I like one-shot kills where possible and prefer to do all my hunting before I shoot.” ..... Elmer Keith

The QE program will by definition end in inflation. At the end of the day inflation is, like the late Milton Friedman said, “a monetary phenomenon”….. Print enough of it and…..Zero rate policy cannot make up for the systemic failures of an over regulated uncertain business climate. At this point QE is little more than pushing on a string. As long as free heroin is provided investors may be “high” enough to drive the markets higher.

A quote from one of the business journals….forget which……Franco is exactly right. At this point O will try to drag it out as long as possible and then blame the crash on someone else…….Hillary maybe?

The Dow just smacked 17K, the fed just announced they will no longer be buying bonds with monopoly money,
AAII (I think) posted in an e-mail that the bull has at least another year's run when the Dow & the Dow Transports
hit new high at the same time.

When interest rates rise a %, the interest on 17 Tril is $170.000,000,000. Anyone have any idea where that
will come from other than the ordinary folks who normally pay these things?

The Dow just smacked 17K, the fed just announced they will no longer be buying bonds with monopoly money,
AAII (I think) posted in an e-mail that the bull has at least another year's run when the Dow & the Dow Transports
hit new high at the same time.
When interest rates rise a %, the interest on 17 Tril is $170.000,000,000. Anyone have any idea where that
will come from other than the ordinary folks who normally pay these things?

That's the Catch 22. Interest rates needs to go up but we can't afford the additional interest on loans. Of course, they could also do another raid on Social Security since that is our largest Debt holder. International Bankers won't be satisfied until they are allowed to steel all of our SS. All the while the uneducated minions will be arguing over whether it's the fault of the Dems or Repubs!